The Iowa Clinic P.C. Health Insurance Plan — Form 5500 plan (The Iowa Clinic P.C.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Iowa Clinic P.C. Health Insurance Plan is a benefit plan reported by The Iowa Clinic P.C. under EIN 42-1420077 and plan number 510. The latest loaded filing year is 2023. The filing reports 768 participants and $3,771,934 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$3.1MPlan net assets, end of year$3,050,236
Participants768Covered participants reported
Assets / participant$4.9KComputed: assets ÷ participants$4,911 (computed)
Provider compensation$478.9K1 Schedule C provider row(s)$478,919
Plan sponsor
The Iowa Clinic P.C.
EIN
42-1420077
Plan number
510
Plan type
3
Location
West Des Moines, IA
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023768H, C20241014174541NAL0026867425003
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$3.8M total assets
Net assets$3.1MLiabilities$721.7K
Money in vs. money out
Total income / additions$10.1M
Total expenses$9.1M
Benefits paid / distributions$8.5M
Contributions
Employer$8M
Participant$2.1M
Full reported line items

Net assets

Total assets (EOY)
$3,771,934
Total liabilities (EOY)
$721,698
Net assets (EOY)
$3,050,236
Net assets (BOY)
$2,093,994

Income & contributions

Employer contributions
$7,959,306
Participant contributions
$2,126,738
Total contributions
$10,086,044
Total income / additions
$10,086,044

Expenses & distributions

Benefits paid
$8,519,216
Administrative expenses
$610,586
Total expenses
$9,129,802
Net increase / (decrease)
$956,242
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 79%Participant 21%
Total expenses ÷ net assets299%Computed ratio
Benefits paid ÷ total income84%Computed ratio
Provider comp. ÷ net assets16%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Wellmark Bc&Bs Of IowaNONE$478,919not reported in the loaded dataset2023

Related Form 5500 pages